- PRICING STRATEGY: PRICE SKIMMING!
- PRICING STRATEGY: GIVING YOUR PRODUCT/SERVICE FOR FREE
- SHOULD WE COMPARE OURSELVES?
- WHAT SHOULD WE MEASURE WHEN WE EVALUATE OUR MARKETING EFFORTS?
- WHAT IS THE VALUE OF A CUSTOMER?
- DOES CONTENT MARKETING WORK?
- WHAT IS THE DIFFERENCE BETWEEN A BRAND, BRANDING, A PERSONAL BRAND AND A COMPANY/PRODUCT NAME?
- WHAT IS GROWTH HACKING?
- HOW MANY « P » CAN BE FOUND IN THE MARKETING MIX?
- THE CUSTOMER VALUE CHAIN
- HOW CAN YOU PROTECT YOUR UNIQUE PRODUCT OR SERVICE?
- CONFERENCE ON FINANCING - MAY 2, 2017
- WHAT IS DRIP PRICING?
- WHICH AMOUNT SHOULD YOU CHOOSE FOR YOUR PRICES?
- DETERMINING YOUR HOURLY RATE BASED ON THE VALUE YOU THINK YOU HAVE
- IS LOWERING YOUR PRICES A GOOD IDEA?
- TO OFFER OR NOT TO OFFER FINANCING?
- HOW TO PROTECT YOURSELF AGAINST EXCHANGE RATE RISKS
- WHEN IS A GOOD TIME TO INCREASE YOUR PRICES?
- DEMAND BASED PRICING
- WHAT IS A LOSS LEADER?
- HOW TO ORGANIZE A DRAW THE RIGHT WAY?
- HOW TO HAVE REMOTE EMPLOYEES
- IS IT GOOD TO BE FIRST IN A MARKET?
- THE THREE TYPES OF CUSTOMERS
- EXPORTING TO MEXICO - QUERETARO REGION
- DEFINING BUSINESS SUCCESS
- ARE YOU USING REBATES? WATCH OUT FOR THESE
- IS THE CUSTOMER ALWAYS RIGHT?
- EXPORTS AND QUEBEC COMPANIES
- COWORKING SPACES
- YOUR PLACE OF BUSINESS AND INTERNET
- WHY IS SOCIAL MEDIA IMPORTANT FOR YOUR BUSINESS?
- HOW TO USE FREEBIES
- WHAT IS THE MAGICAL FORMULA FOR HAVING SUCCESS IN BUSINESS?
- DO YOU HAVE EXPERIENCE IN MY FIELD?
- WHEN CAN WE STOP OUR MARKETING?
- WHAT IS A CALL TO ACTION?
- WE ARE ALL SALESPEOPLE; HERE'S HOW TO GET THERE
- HOW CAN MARKETING AND SALES COLLABORATE?
- HOW TO SELL MORE TO YOUR EXISTING CLIENTS
- WHAT IS CROSS-MARKETING?
- WHY SHOULD I SEGMENT?
- WHO IS RESPONSIBLE FOR MANAGING YOUR COMPANY'S IMAGE?
- HOW TO CHARGE FOR YOUR PRODUCTS / SERVICES?
- HOW TO DEFINE YOUR PRICING STRATEGY: PRICE POSITIONING
- HOW TO DEFINE YOUR PRICING STRATEGY: MARKET PRICING
- WHAT PRICE SHOULD YOU SELL AT? - COST-BASED PRICING
- WHAT IS A PRODUCT?
- HOW TO MARKET YOUR NEW BUSINESS?
- IS BUYING A FRANCHISE A GOOD WAY TO START A BUSINESS?
- HOW SOCIAL MEDIA HAS CHANGED WORD-OF-MOUTH
- HOW SOCIAL MEDIA HAS CHANGED PUBLIC RELATIONS
- WHAT IS BRANDING?
- WHY INCREASING SALES IS NOT THE SOLUTION
- HOW TO SELECT YOUR COMPANY NAME?
- WHY HAVING A WEBSITE IS ONLY THE BEGINNING?
- WHAT IS MARKETING?
- HOW TO MAXIMIZE THE VALUE OF YOUR SOLE PROPRIETORSHIP BUSINESS
- WHY SELLING IN MEXICO?
- LOW COST MARKETING INITIATIVES
- WHY IS PRODUCT DIFFERENCIATION IMPORTANT?
- hOW TO PRESENT OUR COMPANY
- WHAT IS THE DIFFERENCE BETWEEN MARKETING AND PUBLICITY?
- 50% OF YOUR ADVERTISING BUDGET DOES NOT PRODUCE AS MUCH AS THE REST
- RIGHT SELL AND OVER DELIVER
IS THE CUSTOMER ALWAYS RIGHT?
With over 25 years in business under my belt, one would think that the answer to this question would be a definite "yes" or "no", but the reality is quite different.
In fact, if I had to summarize my point of view, if would be as follows: the customer is not always right, but as he is the one who pays, saying "no" might lead to financial consequences.
Why do I say this? I have gotten excellent suggestions, great finds and some very interesting points of view from my clients, but also things that are not so good and sometimes even reckless. Generally, with explanations, demonstrations and tact, I can get them to see my side of things when the idea is not positive.
But what level of disagreement are we talking about here? Is it when we do not see eye to eye for the Pantone shade of blue to use for the company’s logo?
No, I am referring to a deeper disagreement. Such as when customers suggest spamming as an advertising tactic claiming there will be no consequences. Or to put forward a measurement protocol to assess the effectiveness of a training program that will cost several thousand dollars to your corporate client and that you know will not work. This is the level I’m talking about.
For some disagreements which are still within the acceptability zone, one of the techniques I use is to sign a document releasing me from any liability/responsibility if we go ahead with the initiative. This is often a wake up call for some customers. But sometimes clients are adamant about their point of view, no matter how wrong they might be.
In these moments, a decision must be made: give in or risk losing money by saying “no”. Because the customer is paying, does he have the last word? No. You have the last word.
If what is being suggested to you is not consistent with your beliefs, your logic, your work ethic or other values, you can still say no. It may be that this is a point of no return in your client-provider relationship, but if the suggestions can be an embarrassment, affect your professional credibility or lead to a result that you know will be negative, you would be wise to distance yourself from these possible consequences.
Of course, your situation may make this decision more difficult. That with which you have an issue may be an important mandate for your company. Is the customer with whom you have a disagreement an important one? Are you starting out in business? All these reasons may weigh in the balance when assessing the consequences that a refusal might bring. Saying "yes" to something that we do not believe can bring a lot of regrets and problems, while saying "no" can generate financial strains.
As I said in the beginning; the customer is not always right; but it is he who has control of the money hence you must be prepared to live with the consequences of a refusal.
What about you? What is your experience? Has the customer always been right?
Stéphane Elmaleh-Riel, B.Ed., MBA